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Context Corporation reports the following components of stockholders equity on December 31, 2011. Common stock$10 par value, 100,000 shares authorized, 40,000 shares issued and outstanding

Context Corporation reports the following components of stockholders equity on December 31, 2011.

Common stock$10 par value, 100,000 shares authorized, 40,000 shares issued and outstanding

$ 400,000
Paid-in capital in excess of par value, common stock 70,000
Retained earnings 400,000
Total stockholders' equity $ 870,000

In year 2012, the following transactions affected its stockholders equity accounts.
Jan. 1 Purchased 5,000 shares of its own stock at $20 cash per share.
Jan. 5

Directors declared a $4 per share cash dividend payable on Feb. 28 to the Feb. 5 stockholders of record.

Feb. 28 Paid the dividend declared on January 5.
July 6 Sold 1,875 of its treasury shares at $24 cash per share.
Aug. 22 Sold 3,125 of its treasury shares at $17 cash per share.
Sept. 5

Directors declared a $4 per share cash dividend payable on October 28 to the September 25 stockholders of record.

Oct. 28 Paid the dividend declared on September 5.
Dec. 31

Closed the $388,000 credit balance (from net income) in the Income Summary account to Retained Earnings.

3.

Prepare the stockholders' equity section of the companys balance sheet as of December 31, 2012. (Omit the "$" sign in your response.)

CONTEXT CORPORATION Stockholders' Equity Section of the Balance Sheet December 31, 2012

(Click to select) Common stock Common dividend payable Retained earnings Treasury stock reissuances Income summary $
(Click to select) Retained earnings Treasury stock reissuances Income summary Common dividend payable Contributed capital in excess of par value, common stock
Total contributed capital
(Click to select) Retained earnings Common stock Income summary Common dividend payable Treasury stock reissuances
Total stockholders equity $

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